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British Pound / U.S. Dollar
Short

GBPUSD (1Hour): Break and re-test setup✔

99
Reward:336 pips 🤑
Risk:34 ❌
Risk/Reward Ratio:10.1✅

Chart Breakdown
  • Daily Timeframe
    Uptrend in place
    3rd touch of downward trendline

  • 4Hour Timeframe
    Uptrend in place
    3rd touch buy setup on uptrend trendline

  • 1Hour Timeframe
    Downtrend in place
    In order to trade with the trend, I'm anticipating price to retest the broken upward
    trendline in order to give us a bearish setup that's in line with the trend.


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DR.Swing_Forex
DrSwing_Forex
Support and ResistanceTrend AnalysisTrend Lines

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Support and ResistanceTrend AnalysisTrend Lines
DrSwing_Forex

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.